Basic Concepts of Economics MCQs

Name a gold, silver, or platinum coin than usually traded at slightly more than its current bullion value ?

A. Hard Leaf
B. Maple Leaf
C. Green Leaf
D. Gold Leaf

Possibility of negative events or changes in the business climate of country is called?

A. Domestic risk
B. Political risk
C. National risk
D. Country risk

A piece of land and whatever physical property is on it is called?

A. Solid asset
B. Unmovable property
C. Real estate
D. Property

What is called bankruptcy practitioner appointed by secured creditors to oversee the repayment of debts?

A. Liquidator
B. Solicitor
C. Receiver
D. Agen

Name the money of county that is expected to drop in value relative to other currencies?

A. Local currency
B. Cold currency
C. Lime currency
D. Soft currency

Which of the following is called a wholly or partially owned company what is the part of the large corporation?

A. Baby company
B. Child company
C. Small holding
D. Subsidiary

What is write-Off?

A. Charging an asset amount to expense of loss
B. To forget
C. To withdraw
D. None of these

What is measured by Gross domestic product (GDP)?

A. Value of all economic activity within nation’s border
B. Economic output of a country
C. Economic activity of government
D. None of these

Which country is the chief exporter Aluminum?

A. USA
B. Britain
C. France
D. Germany

Barter is the trade of goods or services with ?

A. free exchange of money
B. exchange of services
C. exchange of goods and services
D. None of them

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